0001564590-21-020533.txt : 20210426 0001564590-21-020533.hdr.sgml : 20210426 20210426161309 ACCESSION NUMBER: 0001564590-21-020533 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20210426 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20210426 DATE AS OF CHANGE: 20210426 FILER: COMPANY DATA: COMPANY CONFORMED NAME: POTLATCHDELTIC CORP CENTRAL INDEX KEY: 0001338749 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 820156045 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32729 FILM NUMBER: 21853959 BUSINESS ADDRESS: STREET 1: 601 WEST FIRST AVENUE STREET 2: SUITE 1600 CITY: SPOKANE STATE: WA ZIP: 99201 BUSINESS PHONE: (509) 835-1500 MAIL ADDRESS: STREET 1: 601 WEST FIRST AVENUE STREET 2: SUITE 1600 CITY: SPOKANE STATE: WA ZIP: 99201 FORMER COMPANY: FORMER CONFORMED NAME: POTLATCH CORP DATE OF NAME CHANGE: 20060206 FORMER COMPANY: FORMER CONFORMED NAME: Potlatch Holdings, Inc. DATE OF NAME CHANGE: 20050914 8-K 1 pch-8k_20210426.htm 8-K pch-8k_20210426.htm
false 0001338749 0001338749 2021-04-26 2021-04-26

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report: April 26, 2021 (Date of earliest event reported)

 

PotlatchDeltic Corporation

(Exact name of registrant as specified in its charter)

 

 

Delaware

 

001-32729

 

82-0156045

(State or Other Jurisdiction

of Incorporation)

 

(Commission File Number)

 

(I.R.S. Employer

Identification Number)

 

 

 

 

 

601 W. First Avenue, Suite 1600,

Spokane WA

 

 

 

99201

(Address of principal executive offices)

 

 

 

(Zip Code)

509-835-1500

(Registrant’s telephone number, including area code)

 

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading Symbol(s)

 

Name of each exchange on which registered

Common Stock

 

PCH

 

Nasdaq

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act).    ☐

 

 

 

2

 

Item 2.02   Results of Operations and Financial Condition

On April 26, 2021, PotlatchDeltic Corporation announced its results of operations and financial condition for the quarter ended March 31, 2021. The press release containing this announcement is furnished as Exhibit 99.1 hereto.

The information in this Form 8-K and the Exhibits attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.

Item 9.01   Financial Statements and Exhibits

 

(d) The following items are furnished as exhibits to this report.

 

 

 

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


3

 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: April 26, 2021

 

PotlatchDeltic Corporation

 

 

 

By:

 

/s/ Michele L. Tyler

 

 

Michele L. Tyler

 

 

Vice President, General Counsel and Corporate Secretary

 

 

 

 

 

 

 

 

 

 

4

 EX-99.1 2 pch-ex991_6.htm EX-99.1 pch-ex991_6.htm

 

 

Exhibit 99.1

 

News Release

For immediate release:

 

Contact:

(Investors)

(Media)

 

 

Jerry Richards

Anna Torma

 

 

509.835.1521

509.835.1558

 

 

PotlatchDeltic Corporation Reports First Quarter 2021 Results

SPOKANE, Wash., April 26, 2021 (GLOBE NEWSWIRE) – PotlatchDeltic Corporation (Nasdaq:PCH) today reported net income of $131.1 million, or $1.94 per diluted share, on revenues of $354.2 million for the quarter ended March 31, 2021. Net loss was $16.8 million, or ($0.25) per diluted share, on revenues of $208.9 million for the quarter ended March 31, 2020. Excluding an after-tax pension settlement charge, adjusted net income was $15.0 million, or $0.22 per diluted share for the first quarter of 2020.

 

First Quarter 2021 Highlights

 

•

Generated record Total Adjusted EBITDDA of $195.0 million and Total Adjusted EBITDDA margin of 55%

 

•

Record Wood Products Adjusted EBITDDA of $125.5 million driven by historic lumber prices

 

•

Timberlands Adjusted EBITDDA was a record and due to leveraged Idaho lumber index pricing

 

•

Widened strong liquidity position to $761.1 million as of March 31, 2021

 

“2021 is off to an extraordinary start as our Wood Products and Timberlands businesses leveraged historic lumber prices to drive our third consecutive quarter of record financial performance,” said Eric Cremers, president and chief executive officer. “Our real estate business also delivered strong results by capitalizing on robust rural and development demand. We expect housing fundamentals and lumber demand will remain strong. Our strong liquidity and disciplined capital allocation strategy positions us to continue increasing shareholder value,” stated Mr. Cremers.

Financial Highlights

 

($ in millions, except per share data)

 

Q1 2021

 

 

Q4 2020

 

 

Q1 2020

 

Revenues

 

$

354.2

 

 

$

337.4

 

 

$

208.9

 

Net income (loss)

 

$

131.1

 

 

$

100.0

 

 

$

(16.8

)

Weighted average shares outstanding, diluted (in thousands)

 

 

67,607

 

 

 

67,607

 

 

 

67,478

 

Net income (loss) per diluted share

 

$

1.94

 

 

$

1.48

 

 

$

(0.25

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted net income

 

$

131.1

 

 

$

100.0

 

 

$

15.0

 

Adjusted net income per diluted share

 

$

1.94

 

 

$

1.48

 

 

$

0.22

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Adjusted EBITDDA

 

$

195.0

 

 

$

163.9

 

 

$

47.6

 

Dividends per share

 

$

0.41

 

 

$

0.41

 

 

$

0.40

 

Net cash from operations

 

$

169.9

 

 

$

144.4

 

 

$

48.1

 

Cash and cash equivalents

 

$

382.0

 

 

$

252.3

 

 

$

79.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

 

 

 

 

Business Performance: Q1 2021 vs. Q4 2020

Timberlands

First Quarter 2021 Highlights

 

•

Timberlands Adjusted EBITDDA increased $5.4 million from Q4 2020 levels

 

•

Increased Northern harvest volumes driven by favorable conditions while Southern volumes were seasonally lower

 

•

Northern sawlog prices slightly lower compared to record Q4 2020 prices

 

•

Southern sawlog prices decreased 1% due to seasonally lower hardwood volumes

 

•

Increased log & haul costs reflect higher Northern harvest volume mix

 

•

Forest management costs declined due to seasonally lower Northern activity

 

($ in millions)

 

Q1 2021

 

 

Q4 2020

 

 

$ Change

 

Timberlands Revenues

 

$

111.9

 

 

$

109.8

 

 

$

2.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Timberlands Adjusted EBITDDA

 

$

67.9

 

 

$

62.5

 

 

$

5.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wood Products

First Quarter 2021 Highlights

 

•

Wood Products Adjusted EBITDDA increased $55.2 million from Q4 2020 levels

 

•

Average lumber price realizations increased 41% to $890 per MBF in Q1 2021

 

•

Log costs increased due to higher index pricing in Idaho

 

•

Lumber production was lower due to a winter storm and planned mill maintenance, negatively affecting fixed cost absorption

 

($ in millions)

 

Q1 2021

 

 

Q4 2020

 

 

$ Change

 

Wood Products Revenues

 

$

269.3

 

 

$

208.9

 

 

$

60.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wood Products Adjusted EBITDDA

 

$

125.5

 

 

$

70.3

 

 

$

55.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real Estate

First Quarter 2021 Highlights

 

•

Real Estate Adjusted EBITDDA decreased $39.9 million as Q4 2020 included Minnesota land sale for nearly $48 million

 

•

Sold 7,083 acres of rural land for $1,415/acre

 

•

Sold 51 residential lots at an average $99,000/lot

 

•

Sold 11 commercial acres for $277,000/acre

 

($ in millions)

 

Q1 2021

 

 

Q4 2020

 

 

$ Change

 

Real Estate Revenues

 

$

20.3

 

 

$

62.2

 

 

$

(41.9

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Real Estate Adjusted EBITDDA

 

$

16.6

 

 

$

56.5

 

 

$

(39.9

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-GAAP Measures

This press release includes certain non-GAAP financial measures, which management believes are useful to investors, securities analysts and other interested parties. These non-GAAP financial measures should be considered only as supplemental to, and not as superior to, financial measures prepared in accordance with GAAP.

 

2

 

 

 

Management uses Adjusted EBITDDA to evaluate the performance of the company. This is a non-GAAP measure that represents EBITDDA before certain items that impact comparison of the performance of our business either period-over-period or with other businesses.

Adjusted Net Income and Adjusted Net Income Per Diluted Share are non-GAAP measures that represent GAAP net income and GAAP net earnings per diluted share before certain items that impact the ability of investors, securities analysts and other interested parties to compare the performance of our business, either period-over-period or with other businesses.

Reconciliations to GAAP are set forth in the accompanying schedules.

Conference Call Information

A live conference call and webcast will be held Tuesday, April 27, 2021, at 9:00 a.m. Pacific Time (12:00 p.m. Eastern Time). Investors may access the webcast at www.potlatchdeltic.com by clicking on the Investors link or by conference call at 1-833-968-2227 for U.S./Canada and 1-778-560-2697 for international callers. Participants will be asked to provide conference I.D. number 3825708. Supplemental materials that will be discussed during the call are available on the website.

A replay of the conference call will be available three hours following the call until May 5, 2021 by calling 1-800-585-8367 for U.S./Canada or 1-416-621-4642 for international callers. Callers must enter conference I.D. number 3825708 to access the replay.

About PotlatchDeltic

PotlatchDeltic (Nasdaq:PCH) is a leading Real Estate Investment Trust (REIT) that owns approximately 1.8 million acres of timberlands in Alabama, Arkansas, Idaho, Louisiana, Minnesota and Mississippi. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a residential and commercial real estate development business and a rural timberland sales program. PotlatchDeltic, a leader in sustainable forest management, is committed to environmental and social responsibility and to responsible governance. More information can be found at www.potlatchdeltic.com.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 as amended, including without limitation, our expectations regarding the company’s revenues, costs and expenses; expected liquidity; the effects of COVID-19 on demand for our products and on our operations; the success of the company’s business strategies; the effect of the company’s debt refinancing and intent to refinance debt maturing in the future; the company’s capital allocation strategies, including share repurchases and dividend expectations; interest in accretive acquisitions; maintaining the company’s investment grade credit rating; favorable capital structure and strong balance sheet; interest rates and expenses; corporate expenses; pension expenses; taxes; Q2 2021 outlook; the housing market and repair and remodel market; housing starts; lumber supply, demand and pricing; lumber shipment volumes; the effects of change in lumber prices on annual EBITDDA; expected sawlog demand and timber harvest volumes; sawlog mix and pricing; rural real estate and development real estate sales; land basis and average price per acre and developed lot; planned capital expenditures; number of seedlings planted; amount of greenhouse gas emitted; amount of CO2e sequestered; expected release of 2020 ESG Report; business conditions; and similar matters. Words such as “anticipate,” “expect,” “will,” “intend,” “plan,” “target,” “project,” “believe,” “seek,” “schedule,” “estimate,” “could,” “can,” “may,” and similar expressions are intended to identify such forward-looking statements.  You should carefully read forward-looking statements, including statements that contain these words, because they discuss the future expectations or state other “forward-looking” information about PotlatchDeltic. A number of important factors could cause actual results or events to differ materially from those indicated by such forward-looking statements, many of which are beyond PotlatchDeltic’s control, including impact of the COVID-19 outbreak and anticipated recovery on our business, suppliers, customers and employees; changes in the U.S. housing market; changes in timberland values; changes in timber harvest levels on the company's lands; changes in timber prices; changes in policy regarding governmental timber sales; availability of logging contractors and shipping capacity; changes in the United States and international economies and effects on our customers and suppliers; changes in interest rates; credit availability and homebuyers’ ability to qualify for mortgages; availability of labor and developable land; changes in the level of construction and remodeling activity; changes in foreign demand; changes in tariffs, quotas and trade agreements involving wood products; currency fluctuation; changes in demand for our products and real estate; changes in production and production capacity in the forest products industry; competitive pricing pressures for our products; unanticipated manufacturing disruptions; disruptions or inefficiencies in our supply chain and/or operations; changes in general and industry-specific environmental

 

3

 

 

 

laws and regulations; unforeseen environmental liabilities or expenditures; weather conditions; fires and other catastrophic events; restrictions on harvesting due to fire danger; changes in raw material, fuel and other costs; transportation disruptions; share price; the successful execution of the company’s strategic plans; the company’s ability to meet expectations; and the other factors described in PotlatchDeltic’s Annual Report on Form 10-K and in the company’s other filings with the SEC. PotlatchDeltic assumes no obligation to update the information in this communication, except as otherwise required by law. Readers are cautioned not to place undue reliance on these forward-looking statements, all of which speak only as of the date hereof.

 

4

 

 

 

 

PotlatchDeltic Corporation

Condensed Consolidated Statements of Operations

Unaudited

 

 

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

December 31,

 

 

March 31,

 

(in thousands, except per share amounts)

 

2021

 

 

2020

 

 

2020

 

Revenues

 

$

354,193

 

 

$

337,449

 

 

$

208,880

 

Costs and expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Cost of goods sold

 

 

169,302

 

 

 

183,860

 

 

 

172,046

 

Selling, general and administrative expenses

 

 

16,758

 

 

 

20,455

 

 

 

14,207

 

 

 

 

186,060

 

 

 

204,315

 

 

 

186,253

 

Operating income

 

 

168,133

 

 

 

133,134

 

 

 

22,627

 

Interest expense, net

 

 

(3,574

)

 

 

(8,869

)

 

 

(3,698

)

Pension settlement charge

 

 

—

 

 

 

—

 

 

 

(42,988

)

Non-operating pension and other postretirement employee benefit costs

 

 

(3,414

)

 

 

(3,556

)

 

 

(3,635

)

Income before income taxes

 

 

161,145

 

 

 

120,709

 

 

 

(27,694

)

Income taxes

 

 

(30,039

)

 

 

(20,692

)

 

 

10,862

 

Net income (loss)

 

$

131,106

 

 

$

100,017

 

 

$

(16,832

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.95

 

 

$

1.49

 

 

$

(0.25

)

Diluted

 

$

1.94

 

 

$

1.48

 

 

$

(0.25

)

Dividends per share

 

$

0.41

 

 

$

0.41

 

 

$

0.40

 

Weighted-average shares outstanding:

 

 

 

 

 

 

 

 

 

Basic

 

 

67,207

 

 

 

67,159

 

 

 

67,478

 

Diluted

 

 

67,607

 

 

 

67,607

 

 

 

67,478

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5

 

 

 

 

 

PotlatchDeltic Corporation

Condensed Consolidated Balance Sheets

Unaudited

 

 

(in thousands, except per share amounts)

 

March 31, 2021

 

 

December 31, 2020

 

ASSETS

 

 

 

 

 

 

 

 

Current assets:

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

382,032

 

 

$

252,340

 

Customer receivables, net

 

 

41,920

 

 

 

26,606

 

Inventories, net

 

 

62,663

 

 

 

62,036

 

Other current assets

 

 

20,959

 

 

 

16,136

 

Total current assets

 

 

507,574

 

 

 

357,118

 

Property, plant and equipment, net

 

 

291,483

 

 

 

288,544

 

Investment in real estate held for development and sale

 

 

69,057

 

 

 

72,355

 

Timber and timberlands, net

 

 

1,587,593

 

 

 

1,600,061

 

Intangible assets, net

 

 

16,075

 

 

 

16,270

 

Other long-term assets

 

 

91,847

 

 

 

46,717

 

Total assets

 

$

2,563,629

 

 

$

2,381,065

 

 

 

 

 

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS’ EQUITY

 

 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

 

 

Accounts payable and accrued liabilities

 

$

114,849

 

 

$

93,279

 

Current portion of long-term debt

 

 

42,985

 

 

 

39,981

 

Current portion of pension and other postretirement employee benefits

 

 

6,574

 

 

 

6,574

 

Total current liabilities

 

 

164,408

 

 

 

139,834

 

Long-term debt

 

 

714,619

 

 

 

717,366

 

Pension and other postretirement employee benefits

 

 

129,025

 

 

 

128,807

 

Deferred tax liabilities, net

 

 

24,298

 

 

 

17,740

 

Other long-term obligations

 

 

53,730

 

 

 

72,365

 

Total liabilities

 

 

1,086,080

 

 

 

1,076,112

 

Commitments and contingencies

 

 

 

 

 

 

 

 

Stockholders' equity:

 

 

 

 

 

 

 

 

Common stock, $1 par value, authorized 100,000 shares, issued and outstanding 67,042 and 66,876 shares

 

 

67,042

 

 

 

66,876

 

Additional paid-in capital

 

 

1,676,421

 

 

 

1,674,576

 

Accumulated deficit

 

 

(211,985

)

 

 

(315,510

)

Accumulated other comprehensive loss

 

 

(53,929

)

 

 

(120,989

)

Total stockholders’ equity

 

 

1,477,549

 

 

 

1,304,953

 

Total liabilities and stockholders' equity

 

$

2,563,629

 

 

$

2,381,065

 

 

 

 

 

 

 

 

 

 

 

 

6

 

 

 

 

 

PotlatchDeltic Corporation

Condensed Consolidated Statements of Cash Flows

Unaudited

 

 

 

Three Months Ended

 

(in thousands)

 

March 31, 2021

 

 

December 31, 2020

 

 

March 31, 2020

 

CASH FLOWS FROM OPERATING ACTIVITIES

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

131,106

 

 

$

100,017

 

 

$

(16,832

)

Adjustments:

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation, depletion and amortization

 

 

18,399

 

 

 

20,076

 

 

 

19,044

 

Basis of real estate sold

 

 

8,823

 

 

 

10,908

 

 

 

6,498

 

Change in deferred taxes

 

 

1,490

 

 

 

(223

)

 

 

(12,383

)

Pension and other postretirement employee benefits

 

 

5,627

 

 

 

5,916

 

 

 

6,068

 

Pension settlement charge

 

 

—

 

 

 

—

 

 

 

42,988

 

Equity-based compensation expense

 

 

1,930

 

 

 

2,135

 

 

 

1,885

 

Other, net

 

 

(387

)

 

 

(725

)

 

 

237

 

Change in working capital and operating-related activities, net

 

 

6,713

 

 

 

10,366

 

 

 

2,557

 

Real estate development expenditures

 

 

(2,315

)

 

 

(2,506

)

 

 

(378

)

Funding of pension and other postretirement employee benefits

 

 

(1,421

)

 

 

(1,546

)

 

 

(1,546

)

Net cash provided by operating activities

 

 

169,965

 

 

 

144,418

 

 

 

48,138

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CASH FLOWS FROM INVESTING ACTIVITIES

 

 

 

 

 

 

 

 

 

 

 

 

Property, plant and equipment additions

 

 

(7,762

)

 

 

(8,027

)

 

 

(5,039

)

Timberlands reforestation and roads

 

 

(3,956

)

 

 

(3,889

)

 

 

(4,310

)

Acquisition of timber and timberlands

 

 

—

 

 

 

(2,120

)

 

 

(4,190

)

Proceeds on sale of facility

 

 

—

 

 

 

—

 

 

 

1,000

 

Other, net

 

 

189

 

 

 

108

 

 

 

1,505

 

Net cash used in investing activities

 

 

(11,529

)

 

 

(13,928

)

 

 

(11,034

)

 

 

 

 

 

 

 

 

 

 

 

 

 

CASH FLOWS FROM FINANCING ACTIVITIES

 

 

 

 

 

 

 

 

 

 

 

 

Distributions to common stockholders

 

 

(27,484

)

 

 

(27,419

)

 

 

(26,941

)

Repurchase of common stock

 

 

—

 

 

 

—

 

 

 

(12,355

)

Proceeds from long-term debt

 

 

—

 

 

 

46,000

 

 

 

—

 

Repayment of long-term debt

 

 

—

 

 

 

(46,000

)

 

 

—

 

Other, net

 

 

(591

)

 

 

(735

)

 

 

(242

)

Net cash used in financing activities

 

 

(28,075

)

 

 

(28,154

)

 

 

(39,538

)

Change in cash, cash equivalents and restricted cash

 

 

130,361

 

 

 

102,336

 

 

 

(2,434

)

Cash, cash equivalents and restricted cash, beginning

 

 

252,340

 

 

 

150,004

 

 

 

84,254

 

Cash, cash equivalents and restricted cash, ending

 

$

382,701

 

 

$

252,340

 

 

$

81,820

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7

 

 

 

 

 

PotlatchDeltic Corporation

Segment Information

Unaudited

 

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

December 31,

 

 

March 31,

 

(in thousands)

 

2021

 

 

2020

 

 

2020

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

Timberlands

 

$

111,916

 

 

$

109,764

 

 

$

82,425

 

Wood Products

 

 

269,296

 

 

 

208,898

 

 

 

145,000

 

Real Estate

 

 

20,313

 

 

 

62,191

 

 

 

10,969

 

 

 

 

401,525

 

 

 

380,853

 

 

 

238,394

 

Intersegment Timberlands revenues

 

 

(47,332

)

 

 

(43,404

)

 

 

(29,514

)

Consolidated revenues

 

$

354,193

 

 

$

337,449

 

 

$

208,880

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted EBITDDA1

 

 

 

 

 

 

 

 

 

 

 

 

Timberlands

 

$

67,858

 

 

$

62,512

 

 

$

34,982

 

Wood Products

 

 

125,555

 

 

 

70,315

 

 

 

13,229

 

Real Estate

 

 

16,593

 

 

 

56,414

 

 

 

7,340

 

Corporate

 

 

(10,710

)

 

 

(13,884

)

 

 

(8,672

)

Eliminations and adjustments

 

 

(4,310

)

 

 

(11,459

)

 

 

692

 

Total Adjusted EBITDDA

 

 

194,986

 

 

 

163,898

 

 

 

47,571

 

Interest expense, net

 

 

(3,574

)

 

 

(8,869

)

 

 

(3,698

)

Depreciation, depletion and amortization

 

 

(17,996

)

 

 

(19,671

)

 

 

(18,638

)

Basis of real estate sold

 

 

(8,823

)

 

 

(10,908

)

 

 

(6,498

)

Pension settlement charge

 

 

—

 

 

 

—

 

 

 

(42,988

)

Non-operating pension and other postretirement employee benefits

 

 

(3,414

)

 

 

(3,556

)

 

 

(3,635

)

(Loss) gain on disposal of fixed assets

 

 

(34

)

 

 

(185

)

 

 

192

 

Income before income taxes

 

$

161,145

 

 

$

120,709

 

 

$

(27,694

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation, depletion and amortization

 

 

 

 

 

 

 

 

 

 

 

 

Timberlands

 

$

11,417

 

 

$

13,069

 

 

$

12,591

 

Wood Products

 

 

6,203

 

 

 

6,200

 

 

 

5,630

 

Real Estate

 

 

155

 

 

 

155

 

 

 

160

 

Corporate

 

 

221

 

 

 

247

 

 

 

257

 

 

 

 

17,996

 

 

 

19,671

 

 

 

18,638

 

Bond discounts and deferred loan fees2

 

 

403

 

 

 

405

 

 

 

406

 

Total depreciation, depletion and amortization

 

$

18,399

 

 

$

20,076

 

 

$

19,044

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basis of real estate sold

 

 

 

 

 

 

 

 

 

 

 

 

Real Estate

 

$

8,829

 

 

$

11,017

 

 

$

6,504

 

Eliminations and adjustments

 

 

(6

)

 

 

(109

)

 

 

(6

)

Total basis of real estate sold

 

$

8,823

 

 

$

10,908

 

 

$

6,498

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

Management uses Adjusted EBITDDA to evaluate company and segment performance. See the reconciliation of Total Adjusted EBITDDA on page 9, Reconciliations.

 

2

Bond discounts and deferred loan fees are included in interest expense, net in the Condensed Consolidated Statements of Operations.

 

8

 

 

 

 

 

PotlatchDeltic Corporation

Reconciliations

Unaudited

 

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

December 31,

 

 

March 31,

 

(in thousands, except per share amount)

 

2021

 

 

2020

 

 

2020

 

Total Adjusted EBITDDA

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) (GAAP)

 

$

131,106

 

 

$

100,017

 

 

$

(16,832

)

Interest expense, net

 

 

3,574

 

 

 

8,869

 

 

 

3,698

 

Income taxes

 

 

30,039

 

 

 

20,692

 

 

 

(10,862

)

Depreciation, depletion and amortization

 

 

17,996

 

 

 

19,671

 

 

 

18,638

 

Basis of real estate sold

 

 

8,823

 

 

 

10,908

 

 

 

6,498

 

Pension settlement charge

 

 

—

 

 

 

—

 

 

 

42,988

 

Non-operating pension and other postretirement benefit costs

 

 

3,414

 

 

 

3,556

 

 

 

3,635

 

Loss (gain) on disposal of fixed assets

 

 

34

 

 

 

185

 

 

 

(192

)

Total Adjusted EBITDDA

 

$

194,986

 

 

$

163,898

 

 

$

47,571

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted net income

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) (GAAP)

 

$

131,106

 

 

$

100,017

 

 

$

(16,832

)

Pension settlement charge, after tax

 

 

—

 

 

 

—

 

 

 

31,811

 

Adjusted net income

 

$

131,106

 

 

$

100,017

 

 

$

14,979

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted net income per diluted share

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) per diluted share (GAAP)

 

$

1.94

 

 

$

1.48

 

 

$

(0.25

)

Pension settlement charge, after tax

 

 

—

 

 

 

—

 

 

 

0.47

 

Adjusted net income per diluted share

 

$

1.94

 

 

$

1.48

 

 

$

0.22

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9

 

 GRAPHIC 3 glmtp3q125wb000001.jpg GRAPHIC begin 644 glmtp3q125wb000001.jpg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end EX-101.SCH 4 pch-20210426.xsd XBRL TAXONOMY EXTENSION SCHEMA 00000 - Document - Template Link link:presentationLink link:calculationLink link:definitionLink 100000 - Document - Document And Entity Information link:calculationLink link:presentationLink link:definitionLink EX-101.LAB 5 pch-20210426_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE Entity Central Index Key Cover [Abstract] Entity Registrant Name Entity Registrant Name Document Type Document Type Amendment Flag Amendment Flag Entity Central Index Key Document Period End Date Document Period End Date Entity Emerging Growth Company Entity Emerging Growth Company Entity File Number Entity File Number Entity Incorporation, State or Country Code Entity Incorporation State Country Code Entity Tax Identification Number Entity Tax Identification Number Entity Address, Address Line One Entity Address Address Line1 Entity Address, City or Town Entity Address City Or Town Entity Address, State or Province Entity Address State Or Province Entity Address, Postal Zip Code Entity Address Postal Zip Code City Area Code City Area Code Local Phone Number Local Phone Number Written Communications Written Communications Soliciting Material Soliciting Material Pre-commencement Tender Offer Pre Commencement Tender Offer Pre-commencement Issuer Tender Offer Pre Commencement Issuer Tender Offer Title of each class Security12b Title Trading Symbol Trading Symbol Name of each exchange on which registered Security Exchange Name EX-101.PRE 6 pch-20210426_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE XML 7 pch-8k_20210426_htm.xml IDEA: XBRL DOCUMENT 0001338749 2021-04-26 2021-04-26 false 0001338749 8-K 2021-04-26 PotlatchDeltic Corporation DE 001-32729 82-0156045 601 W. First Avenue, Suite 1600 Spokane WA 99201 509 835-1500 Common Stock PCH NASDAQ false false false false false XML 8 R1.htm IDEA: XBRL DOCUMENT v3.21.1
Document And Entity Information
Apr. 26, 2021
Cover [Abstract]  
Entity Registrant Name PotlatchDeltic Corporation
Document Type 8-K
Amendment Flag false
Entity Central Index Key 0001338749
Document Period End Date Apr. 26, 2021
Entity Emerging Growth Company false
Entity File Number 001-32729
Entity Incorporation, State or Country Code DE
Entity Tax Identification Number 82-0156045
Entity Address, Address Line One 601 W. First Avenue, Suite 1600
Entity Address, City or Town Spokane
Entity Address, State or Province WA
Entity Address, Postal Zip Code 99201
City Area Code 509
Local Phone Number 835-1500
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of each class Common Stock
Trading Symbol PCH
Name of each exchange on which registered NASDAQ
EXCEL 9 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 10 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 11 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 12 FilingSummary.xml IDEA: XBRL DOCUMENT 3.21.1 html 1 96 1 false 0 0 false 0 false false R1.htm 100000 - Document - Document And Entity Information Sheet http://www.potlatchcorp.com/20210426/taxonomy/role/DocumentDocumentAndEntityInformation Document And Entity Information Cover 1 false false All Reports Book All Reports pch-8k_20210426.htm pch-20210426.xsd pch-20210426_lab.xml pch-20210426_pre.xml pch-ex991_6.htm http://xbrl.sec.gov/dei/2020-01-31 true false JSON 14 MetaLinks.json IDEA: XBRL DOCUMENT { "instance": { "pch-8k_20210426.htm": { "axisCustom": 0, "axisStandard": 0, "contextCount": 1, "dts": { "definitionLink": { "remote": [ "http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-eedm-def-2020-01-31.xml", "http://xbrl.fasb.org/srt/2020/elts/srt-eedm1-def-2020-01-31.xml" ] }, "inline": { "local": [ "pch-8k_20210426.htm" ] }, "labelLink": { "local": [ "pch-20210426_lab.xml" ], "remote": [ "https://xbrl.sec.gov/dei/2020/dei-doc-2020-01-31.xml" ] }, "presentationLink": { "local": [ "pch-20210426_pre.xml" ] }, "referenceLink": { "remote": [ "https://xbrl.sec.gov/dei/2020/dei-ref-2020-01-31.xml" ] }, "schema": { "local": [ "pch-20210426.xsd" ], "remote": [ "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd", "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd", "http://www.xbrl.org/2003/xl-2003-12-31.xsd", "http://www.xbrl.org/2003/xlink-2003-12-31.xsd", "http://www.xbrl.org/2005/xbrldt-2005.xsd", "https://xbrl.sec.gov/country/2020/country-2020-01-31.xsd", "http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd", "https://xbrl.sec.gov/currency/2020/currency-2020-01-31.xsd", "https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd", "http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd", "https://xbrl.sec.gov/exch/2020/exch-2020-01-31.xsd", "http://www.xbrl.org/lrr/arcrole/factExplanatory-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd", "https://xbrl.sec.gov/naics/2017/naics-2017-01-31.xsd", "https://xbrl.sec.gov/sic/2020/sic-2020-01-31.xsd", "http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd", "http://www.xbrl.org/2006/ref-2006-02-27.xsd", "http://xbrl.fasb.org/srt/2020/elts/srt-types-2020-01-31.xsd", "http://xbrl.fasb.org/srt/2020/elts/srt-roles-2020-01-31.xsd", "https://xbrl.sec.gov/stpr/2018/stpr-2018-01-31.xsd", "http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd", "http://xbrl.fasb.org/us-gaap/2020/elts/us-roles-2020-01-31.xsd", "http://xbrl.fasb.org/us-gaap/2020/elts/us-types-2020-01-31.xsd", "http://www.xbrl.org/lrr/role/deprecated-2009-12-16.xsd" ] } }, "elementCount": 23, "entityCount": 1, "hidden": { "http://xbrl.sec.gov/dei/2020-01-31": 2, "total": 2 }, "keyCustom": 0, "keyStandard": 96, "memberCustom": 0, "memberStandard": 0, "nsprefix": "pch", "nsuri": "http://www.potlatchcorp.com/20210426", "report": { "R1": { "firstAnchor": { "ancestors": [ "p", "body", "html" ], "baseRef": "pch-8k_20210426.htm", "contextRef": "C_0001338749_20210426_20210426", "decimals": null, "first": true, "lang": "en-US", "name": "dei:EntityRegistrantName", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "document", "isDefault": "true", "longName": "100000 - Document - Document And Entity Information", "role": "http://www.potlatchcorp.com/20210426/taxonomy/role/DocumentDocumentAndEntityInformation", "shortName": "Document And Entity Information", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "p", "body", "html" ], "baseRef": "pch-8k_20210426.htm", "contextRef": "C_0001338749_20210426_20210426", "decimals": null, "first": true, "lang": "en-US", "name": "dei:EntityRegistrantName", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } } }, "segmentCount": 0, "tag": { "dei_AmendmentFlag": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.", "label": "Amendment Flag", "terseLabel": "Amendment Flag" } } }, "localname": "AmendmentFlag", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.potlatchcorp.com/20210426/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_CityAreaCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Area code of city", "label": "City Area Code", "terseLabel": "City Area Code" } } }, "localname": "CityAreaCode", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.potlatchcorp.com/20210426/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_CoverAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Cover page.", "label": "Cover [Abstract]" } } }, "localname": "CoverAbstract", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "xbrltype": "stringItemType" }, "dei_DocumentPeriodEndDate": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is YYYY-MM-DD.", "label": "Document Period End Date", "terseLabel": "Document Period End Date" } } }, "localname": "DocumentPeriodEndDate", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.potlatchcorp.com/20210426/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "dateItemType" }, "dei_DocumentType": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.", "label": "Document Type", "terseLabel": "Document Type" } } }, "localname": "DocumentType", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.potlatchcorp.com/20210426/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "submissionTypeItemType" }, "dei_EntityAddressAddressLine1": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Address Line 1 such as Attn, Building Name, Street Name", "label": "Entity Address Address Line1", "terseLabel": "Entity Address, Address Line One" } } }, "localname": "EntityAddressAddressLine1", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.potlatchcorp.com/20210426/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressCityOrTown": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Name of the City or Town", "label": "Entity Address City Or Town", "terseLabel": "Entity Address, City or Town" } } }, "localname": "EntityAddressCityOrTown", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.potlatchcorp.com/20210426/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressPostalZipCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Code for the postal or zip code", "label": "Entity Address Postal Zip Code", "terseLabel": "Entity Address, Postal Zip Code" } } }, "localname": "EntityAddressPostalZipCode", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.potlatchcorp.com/20210426/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressStateOrProvince": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Name of the state or province.", "label": "Entity Address State Or Province", "terseLabel": "Entity Address, State or Province" } } }, "localname": "EntityAddressStateOrProvince", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.potlatchcorp.com/20210426/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "stateOrProvinceItemType" }, "dei_EntityCentralIndexKey": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.", "label": "Entity Central Index Key", "terseLabel": "Entity Central Index Key" } } }, "localname": "EntityCentralIndexKey", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.potlatchcorp.com/20210426/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "centralIndexKeyItemType" }, "dei_EntityEmergingGrowthCompany": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "Indicate if registrant meets the emerging growth company criteria.", "label": "Entity Emerging Growth Company", "terseLabel": "Entity Emerging Growth Company" } } }, "localname": "EntityEmergingGrowthCompany", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.potlatchcorp.com/20210426/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_EntityFileNumber": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.", "label": "Entity File Number", "terseLabel": "Entity File Number" } } }, "localname": "EntityFileNumber", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.potlatchcorp.com/20210426/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "fileNumberItemType" }, "dei_EntityIncorporationStateCountryCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Two-character EDGAR code representing the state or country of incorporation.", "label": "Entity Incorporation State Country Code", "terseLabel": "Entity Incorporation, State or Country Code" } } }, "localname": "EntityIncorporationStateCountryCode", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.potlatchcorp.com/20210426/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "edgarStateCountryItemType" }, "dei_EntityRegistrantName": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.", "label": "Entity Registrant Name", "terseLabel": "Entity Registrant Name" } } }, "localname": "EntityRegistrantName", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.potlatchcorp.com/20210426/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityTaxIdentificationNumber": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.", "label": "Entity Tax Identification Number", "terseLabel": "Entity Tax Identification Number" } } }, "localname": "EntityTaxIdentificationNumber", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.potlatchcorp.com/20210426/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "employerIdItemType" }, "dei_LocalPhoneNumber": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Local phone number for entity.", "label": "Local Phone Number", "terseLabel": "Local Phone Number" } } }, "localname": "LocalPhoneNumber", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.potlatchcorp.com/20210426/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_PreCommencementIssuerTenderOffer": { "auth_ref": [ "r2" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.", "label": "Pre Commencement Issuer Tender Offer", "terseLabel": "Pre-commencement Issuer Tender Offer" } } }, "localname": "PreCommencementIssuerTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.potlatchcorp.com/20210426/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_PreCommencementTenderOffer": { "auth_ref": [ "r3" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.", "label": "Pre Commencement Tender Offer", "terseLabel": "Pre-commencement Tender Offer" } } }, "localname": "PreCommencementTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.potlatchcorp.com/20210426/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_Security12bTitle": { "auth_ref": [ "r0" ], "lang": { "en-us": { "role": { "documentation": "Title of a 12(b) registered security.", "label": "Security12b Title", "terseLabel": "Title of each class" } } }, "localname": "Security12bTitle", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.potlatchcorp.com/20210426/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "securityTitleItemType" }, "dei_SecurityExchangeName": { "auth_ref": [ "r1" ], "lang": { "en-us": { "role": { "documentation": "Name of the Exchange on which a security is registered.", "label": "Security Exchange Name", "terseLabel": "Name of each exchange on which registered" } } }, "localname": "SecurityExchangeName", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.potlatchcorp.com/20210426/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "edgarExchangeCodeItemType" }, "dei_SolicitingMaterial": { "auth_ref": [ "r4" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.", "label": "Soliciting Material", "terseLabel": "Soliciting Material" } } }, "localname": "SolicitingMaterial", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.potlatchcorp.com/20210426/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_TradingSymbol": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Trading symbol of an instrument as listed on an exchange.", "label": "Trading Symbol", "terseLabel": "Trading Symbol" } } }, "localname": "TradingSymbol", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.potlatchcorp.com/20210426/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "tradingSymbolItemType" }, "dei_WrittenCommunications": { "auth_ref": [ "r6" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.", "label": "Written Communications", "terseLabel": "Written Communications" } } }, "localname": "WrittenCommunications", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.potlatchcorp.com/20210426/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" } }, "unitCount": 0 } }, "std_ref": { "r0": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b" }, "r1": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "d1-1" }, "r2": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "13e", "Subsection": "4c" }, "r3": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14d", "Subsection": "2b" }, "r4": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14a", "Subsection": "12" }, "r5": { "Name": "Regulation 12B", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b-2" }, "r6": { "Name": "Securities Act", "Number": "230", "Publisher": "SEC", "Section": "425" } }, "version": "2.1" } ZIP 15 0001564590-21-020533-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001564590-21-020533-xbrl.zip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end